September was an interesting month. The market declined considerably, decimating net worth. However, dividend income set a new record high and monthly dividend growth supplanted last month out of its top 3 status.
September Dividend Income
This month I received $3,625.93 in dividend income! On average, I was paid $38.99 from 93 different payments! This month’s dividend income is a MASSIVE 33.07% increase over September 2020.
That’s $901.2 more dividend income than last September!
Dividend Income - September 2021
|1/9/21||J M Smucker Co||SJM||24.75|
|01/09/21||W W Grainger Inc||GWW||48.60|
|2/9/21||Discover Financial Services||DFS||56.58|
|02/09/21||Conagra Brands Inc||CAG||9.38|
|3/9/2021||Honeywell International Inc||HON||25.11|
|07/09/21||Johnson & Johnson||JNJ||130.85|
|08/09/21||UNILEVER N.V. Common Stock||UL||38.24|
|09/09/21||United Parcel Service, Inc.||UPS||37.74|
|09/09/21||Raytheon Technologies Corp||RTX||21.93|
|10/9/2021||Exxon Mobil Corporation||XOM||180.78|
|10/09/21||Walgreens Boots Alliance Inc||WBA||23.88|
|10/09/21||Otis Worldwide Corp||OTIS||1.20|
|10/09/21||Emerson Electric Co.||EMR||14.14|
|10/09/21||IBM Common Stock||IBM||106.60|
|15/09/21||Realty Income Corp||O||82.70|
|15/09/21||Stag Industrial Inc||STAG||14.50|
|15/09/21||Main Street Capital Corporation||MAIN||11.28|
|15/09/21||DuPont de Nemours Inc||DD||2.10|
|15/09/21||Old Republic International Corporation||ORI||27.50|
|16/09/21||Prudential Financial Inc||PRU||79.59|
|16/09/21||Home Depot Inc||HD||203.37|
|17/09/21||Molson Coors Beverage Co Class B||TAP||16.32|
|20/09/21||Dominion Energy Inc||D||47.25|
|24/09/21||Lockheed Martin Corporation||LMT||57.34|
|24/09/21||Nationwide Risk-Managed Income ETF||NUSI||1.82|
|28/09/21||Global X NASDAQ 100 Covered Call ETF||QYLD||20.92|
|28/09/21||Canadian National Railway||CNI||2.89|
|30/09/21||Simon Property Group Inc||SPG||54.00|
|30/09/21||Travelers Companies Inc||TRV||29.92|
|30/09/21||American International Group Inc||AIG||8.00|
|30/09/21||Crown Castle International Corp||CCI||21.28|
|30/09/21||Universal Health Realty Income Trust||UHT||7.00|
|08/09/21||Tractor Supply Company||TSCO||8.18|
|16/09/21||Duke Energy Corp||DUK||43.79|
|17/09/21||Waste Management, Inc.||WM||8.70|
|20/09/21||Kontoor Brands Inc||KTB||1.30|
|21/09/21||Stanley Black & Decker, Inc.||SWK||13.61|
|21/09/21||BHP Group PLC||BBL||148.84|
|24/09/21||Suncor Energy Inc.||SU||3.31|
|27/09/21||Schwab US Dividend Equity ETF||SCHD||241.79|
|30/09/21||Digital Realty Trust, Inc.||DLR||23.85|
|30/09/21||Union Pacific Corporation||UNP||38.78|
|30/09/21||Invesco Preferred ETF||PGX||3.02|
|01/09/21||Wells Fargo & Co||WFC||12.74|
|15/09/21||Northrop Grumman Corporation||NOC||15.84|
|13/09/21||Organon & Co||OGN||1.12|
|15/09/21||International Paper Co||IP||15.37|
|15/09/21||NextEra Energy Inc||NEE||9.63|
|15/09/21||Tyson Foods, Inc.||TSN||15.13|
|21/09/21||UnitedHealth Group Inc||UNH||18.85|
|23/09/21||Kimco Realty Corp||KIM||4.79|
|24/09/21||Kraft Heinz Co||KHC||10.80|
|29/09/21||Gilead Sciences, Inc.||GILD||24.85|
|29/09/21||T Rowe Price Group Inc||TROW||18.36|
|30/09/21||Becton Dickinson and Co||BDX||7.47|
|30/09/21||HSBC Holdings plc||HSBC||3.50|
|02/09/21||TJX Companies Inc||TJX||2.60|
|∑ = 3,635.37|
Here is a chart of my passive dividend income progress over the last 5 years.
The dividend portfolio has been updated.
Here are the dividend stock purchases I’ve made between September 2020 and 2021 that have added to this dividend income growth.
September’s dividend income covers all my expenses for the month!
September Dividend Growth (Dividend Increases)
Here are the realized dividend increases I collected this September. I thought dividend growth was great last month but September takes the cake! This month we received a huge increase in dividend growth especially compared to last September (which was the worst month for dividend decreases)! This month’s dividend growth leaps over last month to take a seat in the top 3 all time dividend growth months!
This September I received 12 dividend increases! Eight of the dividend increases were over 10%!!!
Dividend Increases - September 2021
Name Ticker New Div Old Div % Increase Shares Addl Income J M Smucker Co SJM 0.99 0.90 0.100 15 5.40 Kroger Co KR 0.21 0.18 0.167 215 25.80 Discover Financial Services DFS 0.50 0.44 0.136 113 27.12 Conagra Brands Inc CAG 0.31 0.28 0.136 130 19.50 Cummins Inc. CMI 1.45 1.35 0.074 37 14.80 Target Corporation TGT 0.90 0.68 0.324 57 50.16 Walgreens Boots Alliance Inc WBA 0.48 0.47 0.021 50 2.00 Corteva Inc CTVA 0.14 0.13 0.077 7 0.28 Hershey Co HSY 0.90 0.80 0.125 22 8.80 Simon Property Group Inc SPG 1.50 1.40 0.071 31 12.40 Stanley Black & Decker, Inc. SWK 0.79 0.70 0.129 20 7.20 Wells Fargo & Co WFC 0.20 0.10 1.000 60 24.00 ∑ = 197.46
September’s dividend increase adds a fantastic $197.46 in annual dividend income. These 12 dividend increases are the equivalent of investing an extra $5,641.71 of new money at 3.5% yield!
Net worth halts its upward trend!
Let’s do the numbers…
Cash declined again this month. I am continuing to reduce my cash cushion in-order to increase my dividend stock purchases. With roughly 6 years experience in planning, saving and investing for early retirement, I am much more comfortable minimizing my reliance on my cash training wheels. The current market conditions help guide that decision as well. 😉
Another slow month for real estate. The current plan for the rental is to have it paid off in 2 years. Though, I have changed this plan before, I go back and forth on it as the monthly mortgage is just a few hundred bucks. While I’m paying extra on it currently, it’s not much. I’d rather have that extra cash in the market then in full ownership of the rental (at the moment). The only real, self imposed, requirement is to have the rental paid off prior to retirement. That won’t be a problem.
For September, our electricity bill was $205 and our gas bill was $34. This electricity bill is only down about $10 from last year. On the other hand our gas bill is a lot cheaper now that we were moved to a new gas provider! That is about $30 less than last year for a total of $239.
Our rental is doing great and we received our rent check on time and zero service calls!
Even with the market dipping and dragging down net worth, this turned out to be a really great month. Dividend income soared to new record highs and dividend growth ranked into my top 3 months! Last September, my dividend cuts totaled (-312.69)… but one year later, even though 4 of those companies haven’t reinstated their dividend yet, dividend growth is setting new records. (I’ve added a lot of new money since then as well.)
I’m going to keep looking for and investing in the best dividend stock deals I can find. I hope you do too!